MIRA INFORM REPORT

Report Date :

02.10.2013

IDENTIFICATION DETAILS

Name :	INTEGRA MICRO SYSTEMS PRIVATE LIMITED
Registered Office :	G5, Swiss Complex, 33, Race Course Road, Bangalore – 560001, Karnataka
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	19.07.1982
Com. Reg. No.:	08-011338
Capital Investment / Paid-up Capital :	Rs. 3.437 Millions
CIN No.: [Company Identification No.]	U72200KA1982PTC011338
IEC No.:	0789003511
PAN No.: [Permanent Account No.]	AAACI3467J
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Computer Software Services
No. of Employees :	247 (Approximately) (In Office : 208, In Branch : 39)

RATING & COMMENTS

MIRA’s Rating :

Ba (51)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 2179000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. There appears slight dip in profit of the company during the year 2013. However, networth of the company appears to be sound and healthy. Trade relations are reported to be fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Mahesh Kumar
Designation :	Assistant General Manager and Project Delivery
Contact No.:	91-9845184513
Date :	02.10.2013

LOCATIONS

Registered Office :	G5, Swiss Complex, 33, Race Course Road, Bangalore – 560001, Karnataka, India
Tel. No.:	91-80-22250073/ 22257027
Mobile No.:	91-9845184513 [Mr. Mahesh Kumar]
Fax No.:	91-80-22203928
E-Mail :	sandeep@integramicro.com maheshk@integramicro.com
Website :	http://www.integramicro.com
Area :	1250 Sq. ft.
Location :	Owned
Corporate Cum Development Center :	# 4, Bellary Road, 12th KM, Jakkur, Bangalore - 560064, Karnataka, India
Tel. No.:	91-80-28565801-805
Fax No.:	91-80-28565800
E-Mail :	info@integramicro.com
Area :	17000 + Sq. ft
Location :	Rented
Branch Offices :	Located at: · Mahabir Tola, Near Badi Mathia, ARA, Bhojpur – 802301, Bihar, India · Bhubaneswar – 751006, Orissa, India · DTJ 220-221, 2nd Floor, DLF Tower B, Jasola New Delhi – 110025, India · Millennium Business Park, MIDC Plot No. 107, Building No. 3, Sector 3, TTCI Area, Mahape, Mumbai – 400701, Maharashtra, India · No. 31, 1st Floor, Bajannai Madam Street, Ellaipillai Chavady, Pondicherry – 605005, India · H-4, Chittranjan Marg, C-Scheme, Jaipur – 302001, Rajasthan, India · Purulia Road, Ranchi - 834001, Jharkhand, India · Jayalakshmipuram, 1st Street, Nugambakkam, Chennai – 600034, Tamilnadu, India · 1-8-32/5, First Floor, Bapu Bagh Colony , Prenderghast Road, Secunderabad – 500003, Andhra Pradesh, India · No 15, Lake Palace, Ground Floor, P.S. Tollygunj, Kolkata-700029, West Bengal, India

DIRECTORS

AS ON 28.09.2012

Name :

Mr. Mahesh Kumar Jain

Designation :

Managing director

Address :

No. 36, Samardi, Jakkur Plantation Layout, 12^th K.M. Stone, Bellary Road, Bangalore – 560064, Karnataka, India

Date of Birth/Age :

12.03.1953

Qualification :

B. Tech (IIT-Kanpur), ME (Indian Institute of Science, Bangalore)

Experience :

36 Years

Date of Appointment :

19.07.1982

DIN No.:

00502080

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200KA1982PTC011338	INTEGRA MICRO SYSTEMS PRIVATE LIMITED	Managing director	19/07/1982	19/07/1982	-	Active	NO
2	U72200KA1999PTC026063	INTEGRA MICRO SOFTWARE SERVICES PRIVATE LIMITED	Director	10/12/1999	10/12/1999	-	Active	NO
3	U72200DL2000PLC184006	JATAAYU SOFTWARE LIMITED	Managing director	27/03/2000	27/03/2000	14/12/2007	Amalgamated	NO
4	U72200KA2005PTC035494	SUNRISE IMAGING (INDIA) PRIVATE LIMITED	Director	28/01/2005	28/01/2005	-	Active	NO
5	U93090KA2008NPL045806	I25 RURAL MOBILE COMMERCE SERVICES	Director	28/03/2008	28/03/2008	-	Active	NO
6	U66030KA2008PTC047020	JAKKUR TECHNOPARKS PRIVATE LIMITED	Director	02/07/2008	02/07/2008	-	Active	NO
7	U93000KA2011PTC058189	FAIR CLIMATE SERVICES PRIVATE LIMITED	Director	18/04/2011	18/04/2011	-	Active	NO

Name :

Dr. Vadlamani Gopalakrishna

Designation :

Director

Address :

No.34, Panchajanya, Jakkur Plantation Layout, Bellary Road, Opposite Jakkur Airport, Bangalore – 560064, Karnataka, India

Date of Birth/Age :

18.08.1954

Qualification :

BE, ME and Phd – (Indian Institute of Science, Bangalore)

Experience :

36 Years

Date of Appointment :

29.11.2006

DIN No.:

00497858

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200KA1999PTC026063	INTEGRA MICRO SOFTWARE SERVICES PRIVATE LIMITED	Managing director	10/12/1999	10/12/1999	-	Active	NO
2	U72200DL2000PLC184006	JATAAYU SOFTWARE LIMITED	Director	27/03/2000	27/03/2000	14/12/2007	Amalgamated	NO
3	U72200KA1982PTC011338	INTEGRA MICRO SYSTEMS PRIVATE LIMITED	Director	29/11/2006	29/11/2006	-	Active	NO
4	U93090KA2008NPL045806	I25 RURAL MOBILE COMMERCE SERVICES	Director	28/03/2008	28/03/2008	04/09/2009	Active	NO

Name :

Mr. Palagummi Ravi

Designation :

Director

Address :

35, Jakkur Plantation Layout, Bellary Road, 12^th K.M, Jakkur, Opposite Jakkur Flying Club, Bangalore – 560064, Karnataka, India

Date of Birth/Age :

06.02.1952

Qualification :

BE and ME-(Indian Institute of Science, Bangalore)

Experience :

36 Years

Date of Appointment :

29.11.2006

DIN No.:

00502530

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200KA1999PTC026063	INTEGRA MICRO SOFTWARE SERVICES PRIVATE LIMITED	Director	10/12/1999	10/12/1999	-	Active	NO
2	U72200KA1982PTC011338	INTEGRA MICRO SYSTEMS PRIVATE LIMITED	Director	29/11/2006	29/11/2006	-	Active	NO
3	U93090KA2008NPL045806	I25 RURAL MOBILE COMMERCE SERVICES	Director	28/03/2008	28/03/2008	24/03/2012	Active	NO
4	U66030KA2008PTC047020	JAKKUR TECHNOPARKS PRIVATE LIMITED	Director	02/07/2008	02/07/2008	-	Active	NO

Name :

Mrs. Vimla Jogesh

Designation :

Director

Address :

No. 82, Pocket B, DDA SFS Flats, Sukhdev Vihar, New Delhi – 110025, India

Date of Birth/Age :

13.07.1950

Qualification :

BE (Delhi University) and MBA (Oxford UK)

Experience :

35 Years

Date of Appointment :

29.11.2006

DIN No.:

01119435

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200KA1999PTC026063	INTEGRA MICRO SOFTWARE SERVICES PRIVATE LIMITED	Director	30/09/2006	30/09/2006	-	Active	NO
2	U72200KA2005PTC035494	SUNRISE IMAGING (INDIA) PRIVATE LIMITED	Managing director	30/09/2006	30/09/2006	24/03/2012	Active	NO
3	U72200KA1982PTC011338	INTEGRA MICRO SYSTEMS PRIVATE LIMITED	Director	29/11/2006	29/11/2006	-	Active	NO
4	U93090KA2008NPL045806	I25 RURAL MOBILE COMMERCE SERVICES	Director	28/03/2008	28/03/2008	24/03/2012	Active	NO

Name :

Prof. Dhalapathisamudram Krishna Subramanian

Designation :

Director

Address :

No. 3/58, Shringar Apartments, Fourth Main, 18^th Cross, Malleswaram, Bangalore – 560055, Karnataka, India

Date of Birth/Age :

25.02.1942

Qualification :

BE, ME and Phd (Indian Institute of Science, Bangalore)

Experience :

50 Years

Date of Appointment :

29.11.2006

DIN No.:

01302629

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200KA1982PTC011338	INTEGRA MICRO SYSTEMS PRIVATE LIMITED	Director	29/11/2006	29/11/2006	-	Active	NO
2	U93090KA2008NPL045806	I25 RURAL MOBILE COMMERCE SERVICES	Director	28/03/2008	28/03/2008	24/03/2012	Active	NO
3	U66030KA2008PTC047020	JAKKUR TECHNOPARKS PRIVATE LIMITED	Nominee director	02/07/2008	02/07/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Mahesh Kumar
Designation :	Assistant General Manager and Project Delivery

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2012

Names of Shareholders	No. of Shares
Mahesh Kumar Jain	9740
V. Gopalakrishna	9740
Palagummi Ravi	9740
Yadavendra Balahosur	170
Rajakumar Kesarimall	1474
M.K .Srikant	385
Arun M. Tanksali	385
Alok Sharma	150
Hrushikesh Praharaj	300
G.B. Sai Prabhu	385
Mayank Sharma	192
T.S Ravindra	128
M.N. Divakar	128
S. Sitaramachandra	385
S. Mahesh Kumar	128
L. Zunder	128
K.Sivakkumar	128
Arun Nicodemus	100
Sandeep Kasliwal	128
N.G. Girish	100
Vimla Jogesh	128
V.V.R. Sastry	64
V. Srinivas	64
N. Srikanth	100
Total	34370

AS ON 28.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	87.63
Others	12.37
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing Computer Software Services

Products/ Services :

ITC Code No.	Product Descriptions
85249009.10	Computer Software and Services

Agencies Held :

· Fujitsu  - Singapore

· Red Hat Linux

· Avision - Singapore

Exports :

Countries :

· Tanzania

· South Africa

Imports :

Products :

· Computer Peripherals

· Scanners

· Surveillance Camera

Countries :

· Singapore

· Taiwan

· Japan

Terms :

Selling :

L/C, Cash, Credit and Others [30-90 days]

Purchasing :

L/C, Cash and Credit [30-60 days]

GENERAL INFORMATION

Customers :

Wholesalers, OEM’s and Nationalized and Rural Banks

No. of Employees :

247 (Approximately) (In Office : 208, In Branch : 39)

Bankers :

State Bank of Mysore, Bangalore Main Branch, Avenue Road, Bangalore – 560002, Karnataka, India

Facilities :

Fund Based : 120.000 Millions and Non Fund Based : 130.000 Millions [From State Bank of Mysore]

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG-TERM BORROWINGS
Secured - term loan from ICICI Bank (The above term loan is secured against building Renaissance # 305, 'A' Block, Bytarayanapura, Bangalore)		2.062
SHORT TERM BORROWINGS
Loan from ICICI Bank (The above term loan is secured against building Renaissance # 305, 'A' Block, Bytarayanapura, Bangalore)		0.104
Cash credit account with State Bank of Mysore (Secured against building G 5-6 Swiss Complex, 33, Racecourse Road, Bangalore and hypothecation of stocks and book debts)		85.119
Total	NA	87.285

Banking Relations :	--
Auditors :
Name :	Babu Nagendra and Associates Chartered Accountants
Address :	No. 243, Pragati Arcade, 2^nd Floor , 3^rd Main , Chamrajpet, Bangalore – 560018, Karnataka, India
Tel. No.:	91-80-22414800
E-Mail :	cabna09@gmail.com
Income-tax PAN of auditor or auditor's firm :	AAJFB0224C
Associates/Subsidiaries :	· Integra Micro Software Services Private Limited Address : 4, Bellary Road, 12th KM, Jakkur, Bangalore - 560064, Karnataka, India Line Of Business : Software Services · Jakkur Technoparks Private Limited Address : G - 5, Swiss Complex, 33 Racecourse Road, Bangalore 560001, Karnataka, India Line Of Business : Corporate Insurance · SunRise Imaging (India) Private Limited Address : G - 6, Swiss Complex, 33 Racecourse Road, Bangalore - 560001, Karnataka, India Line Of Business : Software Services and Sales of Integrated Solutions · Integra Infotech (S) Pte. Limited Address : 180B Bencoolen Street, 12-05 The Bencoolen, Singapore 189648 Line Of Business : Sales of Integrated Solutions, Software Services · Infotech Infotech Inc., USA Address : 59, Hilldale Road, Albetson, New York 11570, USA Line Of Business : Software Services and Integrated Solutions

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 100/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
34,370	Equity Shares	Rs. 100/- each	Rs. 3.437 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	3.437	3.437	3.437
(b) Reserves & Surplus	541.436	521.721	496.646
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	544.873	525.158	500.083
(3) Non-Current Liabilities
(a) long-term borrowings	1.201	2.062	2.166
(b) Deferred tax liabilities (Net)	4.084	4.643	0.622
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	6.017	4.979	3.932
Total Non-current Liabilities (3)	11.302	11.684	6.720
(4) Current Liabilities
(a) Short term borrowings	85.245	85.361	58.690
(b) Trade payables	224.421	200.730	162.694
(c) Other current liabilities	27.158	30.215	27.219
(d) Short-term provisions	4.830	7.960	7.230
Total Current Liabilities (4)	341.654	324.266	255.833
TOTAL	897.829	861.108	762.636
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	78.441	93.932	54.403
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	7.581	15.163	26.265
(b) Non-current Investments	77.548	79.442	82.540
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	29.474	53.846	49.621
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	193.044	242.383	212.829
(2) Current assets
(a) Current investments	21.305	57.241	60.795
(b) Inventories	43.661	44.055	43.543
(c) Trade receivables	470.881	386.310	292.600
(d) Cash and cash equivalents	43.024	42.762	54.896
(e) Short-term loans and advances	125.914	88.357	97.973
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	704.785	618.725	549.807
TOTAL	897.829	861.108	762.636

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	784.638	890.918	586.448
		Other Income	16.918	45.686	27.712
		TOTAL (A)	801.556	936.604	614.160
Less	EXPENSES
		Cost of materials consumed	467.531	660.554
		Employee benefits expense	73.104	85.111
		Operating and other expenses	192.000	117.623
		TOTAL (B)	732.635	863.288	587.970
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		68.921	73.316	(Including Financial and Depreciation Expenses)
Less	FINANCIAL EXPENSES (D)		15.151	10.061
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		53.770	63.255
Less/ Add	DEPRECIATION/ AMORTISATION (F)		29.783	23.472
	PROFIT BEFORE TAX (E-F) (G)		23.987	39.783	26.190
Less	TAX (H)		4.273	14.708	6.912
	PROFIT AFTER TAX (G-H) (I)		19.714	25.075	19.278
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	0.148	2.370
	Earnings Per Share (Rs.)		573.60	729.56	560.89

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	2.46	2.68	3.14
Net Profit Margin (PBT/Sales)	(%)	3.06	4.47	4.47
Return on Total Assets (PBT/Total Assets}	(%)	2.95	5.19	4.01
Return on Investment (ROI) (PBT/Networth)		0.04	0.08	0.05
Debt Equity Ratio (Total Debt/Networth)		0.16	0.17	0.12
Current Ratio (Current Asset/Current Liability)		2.06	1.91	2.15

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10371090	27/06/2012	65,000,000.00	STATE BANK OF MYSORE	MID CORPORATE CENTRAL PROCESSING CENTRE, GROUND FLOOR, HEAD OFFICE, KEMPE GOWDA ROAD, BANGALORE - 560009, KARNATAKA, INDIA	B55854491
2	10251962	21/03/2013 *	250,000,000.00	STATE BANK OF MYSORE	BANGALORE MAIN BRANCH, AVENUE ROAD, BANGALORE - 560002, KARNATAKA, INDIA	B73352155
3	80006653	22/09/2006 *	148,500,000.00	STATE BANK OF MYSORE	C & I DIVISION, AVENUE ROAD, BANGALORE - 560002, KARNATAKA, INDIA	-

* Date of charge modification

UNSECURED LOANS

UNSECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Loans and advances from related parties		0.138
Total	NA	0.138

TRADE REFRENCES - LOCAL

SN. NO.	ORGANISATION	NAME OF CONTACT PERSON	CONTACT DETAILS	ADDRESS
1	Corporation Bank - Mangalore	Mr. A.P. Malhotra , GM	9880726093	Corporate Office Mangaladevi Temple Road Pandeshwar, Mangalore – 575001, Karnataka, India
2	Pragati Gramin Bank	Mr. M.J. Bhatt - Chairman	9448355919	Post Box No. 55, No. 32, Sanganakal Road, Gandhinagar, Bellary – 583103, Bangalore, Karnataka, India
3	HCL	Mr. Rajesh Raizada , Sr. VP	9810605898	HCL Infosystems Limited, (Corporate Office) E-4, 5 and 6, Sector 11, Noida - 201301, Uttar Pradesh, India
4	Wipro Infotech Limited	Mr. Amruth Reddy	8105099553	No 72, Keonics Electronic City, Hosur Road, Bangalore – 560100, Karnataka, India

FIXED ASSETS:

· Land

· Building

· Civil Works

· Computers

· Electrical Fittings

· Furniture and Fixture

· Library Books

· Machinery

· Office Equipments

· Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 62.36
UK Pound	1	Rs. 101.20
Euro	1	Rs. 84.54

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		51

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.